Stifel analyst Jim Duffy maintains $VF Corp (VFC.US)$ with a buy rating, and adjusts the target price from $21 to $25.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $VF Corp (VFC.US)$'s main analysts recently are as follows:
VF Corp's completion of the Supreme brand sale, fetching a sum of $1.5B, facilitates debt reduction and alleviates immediate pressures from debt maturities. Analysts anticipate that investor attention will pivot towards the company's strategy for driving the Vans brand back to a state of profitable expansion, although the timeframe for such a recovery remains indefinite.
The firm expresses a positive stance on VF Corp., anticipating a favorable opportunity for an unexpected positive outcome and a reassessment of the company's stock value beginning in fiscal Q3, ahead of the fiscal Q2 results expected on October 28.
The stock is perceived to incorporate more potential gains than seems plausible after its recent surge. Insights from recent channel checks on Vans suggest that the expected turnaround may encounter more obstacles than previously thought. Consequently, it seems the shares of VF Corp. may have advanced more rapidly than the underlying business realities would warrant.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
